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MEMS in Medical Applications Market is Expected to Reach USD 6.5 Billion Globally in 2019: Transparency Market Research
Date:8/28/2013

ies. Manufacturers of MEMS are increasingly collaborating with pharmaceutical, biotech and medical device companies to make highly advanced products, with the capability to provide accurate results and keep costs low.

The MEMS in medical applications can be segmented on the basis of their use in medical devices, diagnostic devices, therapeutics devices and surgical devices. The therapeutic devices market is foreseen to have the highest growth owing to rise in use of intrathecal pumps and other targeted drug delivery methods including insulin delivery pumps.

The MEMS sensors market in medical applications includes use of various sensors such as pressure, temperature, flow, accelerometers, optical and gyroscopes. The pressure sensors accounted to have the largest market of USD 486.0 million in 2012 and are expected to grow at CAGR of 18.7% from 2013 to 2019.

Geographically, North American region captures the largest market of MEMS in medical applications and was valued to be more than USD 800 million in 2012. However, Asian countries namely India and China are witnessing fast growth and are predicted to emerge as dominating markets in the near future owing to rise in awareness and increased disposable income in these nations.

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